...our Navy is already at 284 ships and even without further budget cuts is likely to fall in size. That decline could accelerate and become catastrophic if Congress and the White House go ahead with plans to cut a further $600 billion from the defense budget as a result of the failure of the super-committee. There is already talk in Washington that the entire F-35 programâ€”designed to provide the fifth-generation fighter for all of the military services for decades aheadâ€”could be scrapped. If we do that, we will accelerate a dangerous power shift, leading to the rise of China and the decline of American power.

The Navy and Air Forces will definetly have cuts and will decline, however Ground Forces are in better situation, even in personell cuts they can store their eqiupment in good conditions without generating high costs.

Besides this, Chinese are uncapabale to properly design a simple tank, they need decades to get even close to US in terms of technology. Different thing are numbers of course.